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RECAP 2008: LOW THIA KHIANG'S PARLIAMENTARY QUESTION ON PA'S 'ADVERSE OPINION'

THEREALSINGAPORE 22 February 2014 - 9:29am

It is not until now that the People's Association's 'adverse opinion' on their financial accounts has come into the spotlight, but in fact Workers' Party's Low Thia Khiang raised the issue when it first surfaced in 2008 while he was then MP of Hougang SMC. He fielded the question in Parliament but got pretty much the same reply that we are getting now: The adverse opinion was given for a single reason being that the Grassroots Organisations' financial records were not included and this is unimportant given that GROs are self-funded, meaning there is no use of public funds. 


MOF EXEMPTED PA FROM MAKING RPT DISCLOSURES

THEREALSINGAPORE 22 February 2014 - 9:08am

I have provided the gist of what the auditor said of PA’s 2004/05 and 2005/06 financial accounts below: 2004/05 financial report: The auditor (PwC) stated that PA - (1) didn’t provide sufficient info on capital grants from the government (2) didn’t provide enough info on acquisitions of property, plant and equipment


HK SHOPLIFTER SNAPS UP $130,000 ALLIGATOR COAT FROM BURBERRY

THEREALSINGAPORE 21 February 2014 - 9:34pm

A brazen shoplifter has helped himself to an alligator-leather coat worth nearly HK$1 million (US$130,000) from a flagship Burberry store in one of Hong Kong's busiest shopping districts, police said on Friday. The pricy trench coat was displayed on a mannequin, and staff at the British brand's shop in Tsim Sha Tsui discovered it was missing after they closed for business on Wednesday.


NEW CITIZENS 'SINK ROOTS' IN SINGAPORE?

THEREALSINGAPORE 21 February 2014 - 9:26pm

Remember Mr Ray Ferguson, one of the supposedly "prized catch" of the PAP under its Foreign "Talent" Policy? In 2010, when Ray Ferguson, erstwhile CEO of Standard Chartered Bank Singapore took up Singapore citizenship, the State-owned media made a big case out of it gushing: "His love of the Republic seems to be born out of huge admiration for what Singapore has achieved in recent times, both as an economic powerhouse and as the near-perfect family environment."


CONTRADICTORY STATEMENTS SURFACE IN THE COI INTO LITTLE INDIA RIOT

THEREALSINGAPORE 21 February 2014 - 9:14pm

The first person to say Sakthivel removed his pants was the bus driver who reportedly said it to the timekeeper. The timekeeper then said it to the media which then kept repeating it. [The bus driver, Mr Lee Kim Huat, had not yet given any interviews to the media because he was still under investigation up until earlier this week.] But there have been absolutely no evidence that Sakthivel removed his pants, even in the video shown at the COI. 


MND SAYS THEY ALREADY GAVE AHPETC A CHANCE IN FY2011

THEREALSINGAPORE 21 February 2014 - 8:20pm

The Ministry of National Development said that they had already given AHPETC a chance at the end of FY 2011 when their auditors had made a disclaimer of opinion. However, MND explained that since the situation had not improved, they decided to take action this year. They reasoned that FY2011 was the WP's first time receiving a disclaimer of opinion and it had promised to improve.


NASSIM JADE SCANDAL

THEREALSINGAPORE 21 February 2014 - 7:47pm

1. “INCORRUPTIBILITY” Asiaweek covered the Nassim Jade Scandal in May 1996, reminding readers in the introduction that the Singapore government “takes pride in its image ofincorruptibility.” 2. NASSIM JADE (HPL) nassim_jade Image of Nassim Jade | HPL Nassim Jade is an exclusive, four-storey condominium located in one of the most prestigious districts in Singapore. It is owned by Hotel Properties Limited (HPL), which owns other upscale condominiums in Singapore such as Four Seasons Park and Scotts 28. 


2 MONGOLIAN GIRLS CAUGHT FIGHTING RIGHT IN FRONT OF A POLICE CAR AT CLARKE QUAY

THEREALSINGAPORE 21 February 2014 - 7:43pm

Two women were spotted fighting outside a club in Clarke Quay, with one pinning down the other, despite the presence of a police vehicle nearby. Pictures of the incident had been uploaded onto a blog online by a netizen, who said the two women seemed like Mongolians. The photos have also been making the rounds on various social media sites such as Facebook, as well as local forums.


Budget 2014 Singapore

ANALYSIS OF SOME QUESTIONABLE POINTS IN BUDGET 2014

THEREALSINGAPORE 21 February 2014 - 7:21pm

I refer to the Budget statement that has just been delivered in Parliament. CPF contribution rate increase by 1.5% for aged above 50 to 55? “We will raise CPF contribution rates for those aged above 50 to 55 by 1.5 percentage points – 1 percentage point from the employer and 0.5 percentage points from the employee.” Take-home pay decrease by 0.5%? - This means that the take-home pay of this group of workers will be reduced by 0.5%.


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